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These would be the benefits that you would get from using a product. These need to be high for a customer to purchase it.

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11y ago

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What is the core product?

The core product is the most basic level, what consumers really buy in terms of benefits


Define the Core Formal and Augmented elements a product?

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The product itself basically makes it a core product to the company. If the product is something people find necessary or a must have then that product then becomes the core product because it sells and makes money.


What steps should be taken to develop and launch a minimal marketable product successfully?

To develop and launch a minimal marketable product successfully, follow these steps: Conduct market research to understand customer needs. Define the product's core features and benefits. Develop a prototype or minimum viable product (MVP). Test the MVP with a target audience for feedback. Iterate based on feedback and refine the product. Create a marketing strategy to reach potential customers. Launch the product and monitor its performance. Continuously gather feedback and make improvements to ensure success.


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